E.U. to Send Ukraine $15B

    European Commission President Jose Manuel Barroso addresses the media on the EU's financial help for Ukraine at the European Commission headquarters in Brussels, Wednesday March 5, 2014. The European Union is proposing to provide Ukraine an 11 billion euros ($15 billion) aid package in loans and grants over the coming years, the head of the bloc's executive arm said Wednesday. (AP Photo/Geert Vanden Wijngaert)

    Geert Vanden Wijngaert

    One day after the White House announced $1 billion in loan guarantees for Ukraine, the European Union announced Wednesday is is offering the country up to $15 billion in grants and loans. The new government in Kiev has been struggling with a financial crisis since before the unrest. Some $4 billion would be in loan and development grants over the next several years, while $11 billion would come in the form of financing for infrastructure and development projects by European financial institutions. The package would be contingent on IMF reforms. 

    Read it at the Los Angeles Times